1st Independent Leasing, Inc

Factoring Accounts Receivables

"FACTORING" is selling the interest in your accounts receivables or
invoices to a factoring company at a small discount. It is often referred
to as "Accounts Receivable Financing". Factoring provides over 100 billion dollars to industries each
year. It is available to even smaller sized businesses to which banks are
often reluctant to lend funds.

When you offer terms to your customers and then they slow pay your
invoices, you are being held hostage by your customers. Invoice
discounting is a way to break free of this vicious cycle. Why spend all
that time and effort trying to collect your receivables? Factoring
companies screen your debtors to ensure that they are credit worthy and
are going to pay and also handles the collections for you. It's like having
an accounts receivable department without the headaches.